is it ah Virus Or A Hoax?

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It seems as if the minute a new person logs on to the internet they a flodd of email warning of dire consequences if they open an email with certain subject line. there are viruse that can be trasmitted via email, however a lot of these so called virus are imagunary. They are myths, lets face it is really believable that disney would give away trips by simply respondinh to an email, or Bill Gates sending money to people who kept an email chain letter moving through cyberspace? There are many of those emails hoaxes floating around the internet at any given time.